Quálitas Controladora Income Statement

Financials in millions MXN. Fiscal year is January - December.

Millions MXN. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Premiums & Annuity Revenue	69,323	61,293	49,591	39,969	36,067
Total Interest & Dividend Income	3,100	3,388	3,074	2,195	1,614
Gain (Loss) on Sale of Investments	1,380	862.98	585.8	-1,111	284.72
Total Revenue	73,803	65,543	53,251	41,054	37,966
Revenue Growth (YoY)	12.60%	23.08%	29.71%	8.13%	-0.18%
Policy Benefits	45,558	40,514	35,174	28,194	23,437
Policy Acquisition & Underwriting Costs	17,455	15,181	11,933	9,454	8,846
Depreciation & Amortization	542.72	508.02	527.38	565.88	482.19
Selling, General & Administrative	1,156	246.1	-542.04	-124.83	-147.03
Other Operating Expenses	-556.69	-508.55	-421.61	-319.59	-302.48
Reinsurance Income or Expense	2.37	11.21	9.05	7.78	21
Total Operating Expenses	66,456	57,941	48,232	38,610	33,277
Operating Income	7,346	7,602	5,019	2,444	4,689
Currency Exchange Gain (Loss)	-28.04	101.38	-99.17	6.99	26.93
Other Non Operating Income (Expenses)	64.16	57.33	24.74	15.3	48.01
EBT Excluding Unusual Items	7,383	7,761	4,945	2,466	4,764
Other Unusual Items	-1.17	-18.9	-57.68	-11.18	0.07
Pretax Income	7,381	7,742	4,887	2,455	4,764
Income Tax Expense	2,286	2,623	1,096	245.47	986.49
Earnings From Continuing Ops.	5,095	5,119	3,791	2,209	3,778
Minority Interest in Earnings	-13.03	-29.17	-15.43	-3.95	-3.42
Net Income	5,082	5,090	3,776	2,205	3,775
Net Income to Common	5,082	5,090	3,776	2,205	3,775
Net Income Growth	-0.16%	34.80%	71.21%	-41.57%	-44.44%
Shares Outstanding (Basic)	394	394	396	394	398
Shares Outstanding (Diluted)	394	394	396	394	398
Shares Change (YoY)	0.05%	-0.42%	0.49%	-1.11%	-23.43%
EPS (Basic)	12.89	12.91	9.54	5.60	9.48
EPS (Diluted)	12.89	12.91	9.54	5.60	9.48
EPS Growth	-0.21%	35.37%	70.38%	-40.91%	-27.44%
Free Cash Flow	-	2,996	3,632	3,756	2,923
Free Cash Flow Per Share	-	7.60	9.18	9.54	7.34
Dividend Per Share	-	10.000	8.000	5.000	6.500
Dividend Growth	-	25.00%	60.00%	-23.08%	62.50%
Operating Margin	9.95%	11.60%	9.43%	5.95%	12.35%
Profit Margin	6.89%	7.77%	7.09%	5.37%	9.94%
Free Cash Flow Margin	-	4.57%	6.82%	9.15%	7.70%
EBITDA	7,725	8,022	5,463	2,924	5,172
EBITDA Margin	10.47%	12.24%	10.26%	7.12%	13.62%
D&A For EBITDA	378.38	419.98	444.1	480.21	482.19
EBIT	7,346	7,602	5,019	2,444	4,689
EBIT Margin	9.95%	11.60%	9.43%	5.95%	12.35%
Effective Tax Rate	30.97%	33.88%	22.42%	10.00%	20.71%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.